Airgain Inc (AIRG) Expected to Announce Earnings of $0.08 Per Share

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Wall Street brokerages expect that Airgain Inc (NASDAQ:AIRG) will announce earnings of $0.08 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Airgain’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. Airgain posted earnings of $0.10 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The business is expected to announce its next earnings report on Thursday, February 21st.

On average, analysts expect that Airgain will report full year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.13. For the next year, analysts forecast that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Airgain.

Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, November 1st. The technology company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. The company had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.70 million. Airgain had a negative return on equity of 7.31% and a negative net margin of 5.74%. Airgain’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share.

A number of analysts have commented on the company. William Blair assumed coverage on Airgain in a research report on Friday, August 10th. They set an “outperform” rating on the stock. B. Riley upgraded Airgain from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $8.50 to $13.00 in a research report on Friday, August 10th. ValuEngine upgraded Airgain from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. TheStreet downgraded Airgain from a “c” rating to a “d+” rating in a research report on Wednesday, August 8th. Finally, Cowen boosted their target price on Airgain from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Airgain currently has an average rating of “Buy” and an average target price of $14.00.

Several large investors have recently modified their holdings of AIRG. Northpointe Capital LLC lifted its position in shares of Airgain by 332.7% in the third quarter. Northpointe Capital LLC now owns 265,951 shares of the technology company’s stock valued at $3,495,000 after acquiring an additional 204,487 shares in the last quarter. UBS Group AG lifted its position in shares of Airgain by 144.6% in the first quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock valued at $195,000 after acquiring an additional 81,464 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of Airgain in the third quarter valued at $879,000. Perkins Capital Management Inc. purchased a new stake in shares of Airgain in the third quarter valued at $822,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Airgain by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock valued at $680,000 after acquiring an additional 17,238 shares in the last quarter. Institutional investors and hedge funds own 29.76% of the company’s stock.

AIRG opened at $13.73 on Wednesday. Airgain has a one year low of $7.40 and a one year high of $14.17.

About Airgain

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

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